Boonton Electronics announces fourth quarter earnings.PARSIPPANY, N.J.--(BUSINESS WIRE)--Dec. 7, 1995--Boonton Electronics Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Over-The-Counter Bulletin Board symbol "BOON Boon A general term that refers to a benefit or improvement for investors. This can include such things as increased dividends, a stock market rally and stock buybacks. Notes: ") announced today its sales and earnings for the fourth fiscal quarter ended Sept. 30, 1995. Sales for the quarter were $1,869,785 versus $1,720,079 for 1994. Net income from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the was $226,995 or $.16 per share versus a 1994 loss from continuing operations of ($463,395) or ($.36) per share. Net income was $226,995 or $.16 per share versus $1,830,598 or $1.41 per share for 1994 which included a net gain on sale of property, plant and equipment of $806,441 or $.62 per share plus an extraordinary item "Gain on Chapter 11 Settlement" of $1,487,552 or $1.15 per share. Founded in 1947, Boonton Electronics Boonton Electronics is an American manufacturer of electronic test equipment. Originally founded in 1947 in Morris Plains, New Jersey, they are now located nearby in Parsippany. Boonton became a wholly owned subsidiary of the Wireless Telecom Group in 2000. is a manufacturer of test equipment dedicated to measuring the power of RF and microwave systems used in both military and commercial sectors. The company also manufactures impedance impedance, in electricity, measure in ohms of the degree to which an electric circuit resists the flow of electric current when a voltage is impressed across its terminals. measuring instruments and RF voltmeters, as well as audio analyzers. Boonton Electronics' products are used to test terrestrial Dealing with the earth. See terrestrial link. and satellite communications, radar, telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. , and an expanding number of personal communications products. It is headquartered in Parsippany, N.J. -0-
Boonton Electronics Corporation
(Unaudited)
For Quarter Ended Sept. 30,
1995 1994
Sales $1,869,785 $1,720,079 Net income/(loss) from continuing operations 226,995 (463,395) Net gain on sale of assets -- 806,441 Extraordinary item -- "Gain on Chapter 11 Settlement" -- 1,487,552 Net income 226,995 1,830,598 Earnings/(loss) per share from continuing operations $.16 $(.36) Net gain on sale of assets -- .62 Extraordinary item -- 1.15 Earnings per share $.16 $1.41 Average shares outstanding 1,341,785 1,296,785 -0- CONTACT: Boonton Electronics Corp. John E. Titterton, 201/386-9696 |
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